Mining companies continue to suffer the effects of weak metal prices and the economic downturn, as indicated by The Toronto Stock Exchange’s decision to drop six issues from its composite 300 index, F…
Water-borne sand has been used as an underground fill for more than 60 years. These early applications were generally for unusual circumstances where it was required to mine pillars or to stabilize gr…
A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years. Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is …
20Golden Lake Resources (VSE) says it has arranged, subject to regulatory approval, a private placement of 500,000 shares at 35 cents per share for total proceeds of $175,000. The deal includes non-tr…
Audrey Resources (TSE) has shut down its Mobrun polymetallic mine near Rouyn-Noranda, Que., and laid off 115 workers after exhausting ore in the Main lens and three smaller deposits. A company spokesm…
Activity slowed during the New Year’s holiday week but did pick up on the last day of our report period ended Jan. 7. Daily trading volumes ranged between 1.6 million and 5.9 million shares. The marke…
Officials of Madeleine Mines (TSE) will meet in mid-January in Thunder Bay, Ont., with representatives of the Ontario Ministry of the Environment to allow the company to file new applications for the …
Mining companies with properties in Guyana say they aren’t concerned about the recent postponement of local elections following allegations that the ruling Peoples National Congress Party (PNC) had ri…
The price of uranium continued to decline, with dealer Nukem recording a November bid-offer price range for U3O8 of US$6.75-7.70 per lb. The mineral began 1991 priced below US$10. The current prices a…
A numbered Alberta company has purchased, pending regulatory filings, 29.4 million subordinate-voting shares and 6,250 B shares of Dominion Explorers (TSE) from Landmark Corp. for $200,000 in cash. Th…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 95.30 94.40 94.45 – 3.25 Feb 95.15 94.85 94.85 – 3.20 Mar 96.10 95.10 95.15 …. SILVER (in US cents per oz.)…
The renegotiation of a purchase option on the Ridgeway mine in South Carolina prompted Kennecott to increase its interest in the operation to 100% from 52% by exercising a right of first refusal. Gala…
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